Venmo

Paid Android iOS

Venmo is an effective way to make your wallet completely digital. This app is used as a quick and simple way to send money to other Venmo users, such as friends and family you may owe money to.

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Features of Venmo

Data Encrypted to Protect Account Information
Option to Add PIN Log in or FingerPrint Identification
Emails Notifications when Account changes are Made
Ability to pay with Venmo Balance in Certain Places

Pros of Venmo

Mostly Free to Use
Creating a Venmo account is simple and free to use under most forms of payment.
Convenient
Venmo has many features that promote a hassle-free experience, making it one of the most popular money sharing apps. Since the app is so popular, most of your payments will be easy to send as they will be going to existing users.
More Secure than Carrying Cash
Carrying large amounts of cash has always been a bit of a risky move. With the help of Venmo, you won't have to carry cash around to pay back your loved ones.

Cons of Venmo

Credit Card Fee
Users who make payments using a credit card will be charged a 3 percent fee. However, users who pay with their bank account, debit card or Venmo balance will not be charged any fees.
Limited to U.
S Users Only
Venmo is currently only available in the United States, which is a pretty big let down for the rest of the world.
Transfer Limit

Venmo Reviews

Venmo is a clean and simple app and is very easy to use. This app makes going out with friends a whole lot easier since you won't have to split up the bill. Instead, you can send a quick payment to you your friend or family member to cover the costs. This app is also great for roommates, coworkers, or any other person you may need to send money to at some point. Since Venmo is so easy to use, most people have an account making it a very convenient way to transfer funds.

Venmo Video

Alternatives to Venmo

The PayPal app is one that allows you to send and receive money from almost anyone and anywhere with a few simple clicks. It's a beneficial app to have as well for getting any kind of paycheck each

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Google Wallet (now known as Google Pay) is a tool that lets people send or request money and manage their mobile subscriptions all from one place.

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